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KRA finally granted complete access to bank accounts.

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Speculz		#11 Posted : Monday, November 13, 2017 9:03:23 AM
Rank: Member Joined: 5/6/2011 Posts: 391 Location: Nairobi		Cryptocurrencies .. "You can't have everything. Where would you put it?" - Stephen Wright
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lochaz-index		#12 Posted : Monday, November 13, 2017 10:56:42 AM
Rank: Veteran Joined: 9/18/2014 Posts: 1,127		Bad move for both the taxman and bankers. Same case for the telcos if the witch hunt is extended to them. The main purpose of the stock market is to make fools of as many people as possible.
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maka		#13 Posted : Monday, November 13, 2017 11:20:15 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Angelica _ann wrote: NSE .....CDSC You still have to explain where you got the cash for the trades...If it doesnt add up they will just take your stocks or bonds....Bummer possunt quia posse videntur
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winmak		#14 Posted : Monday, November 13, 2017 3:31:22 PM
Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru		maka wrote: Angelica _ann wrote: NSE .....CDSC You still have to explain where you got the cash for the trades...If it doesnt add up they will just take your stocks or bonds....Bummer Money going to CDS mostly is from a bank account where you already declared if above a million. What I find annoying is u accumulate over years then suddenly taxman wants to know after you have 20 m diligently saved and reinvested For investors as a whole, returns decrease as motion increases ~ WB
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obiero		#15 Posted : Monday, November 13, 2017 5:46:02 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,267 Location: nairobi		winmak wrote: maka wrote: Angelica _ann wrote: NSE .....CDSC You still have to explain where you got the cash for the trades...If it doesnt add up they will just take your stocks or bonds....Bummer Money going to CDS mostly is from a bank account where you already declared if above a million. What I find annoying is u accumulate over years then suddenly taxman wants to know after you have 20 m diligently saved and reinvested Plus some stocks accumulate value over time. So 1m today could turn into 2m next year COOP, IMH, KQ, MTNU
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Swenani		#16 Posted : Monday, November 13, 2017 6:10:00 PM
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum		obiero wrote: winmak wrote: maka wrote: Angelica _ann wrote: NSE .....CDSC You still have to explain where you got the cash for the trades...If it doesnt add up they will just take your stocks or bonds....Bummer Money going to CDS mostly is from a bank account where you already declared if above a million. What I find annoying is u accumulate over years then suddenly taxman wants to know after you have 20 m diligently saved and reinvested Plus some stocks accumulate value over time. So 1m today could turn into 2m next year Watu walipe tax, if you have been saving and paying taxes, you can easily prove it. If your shares gain value, pay capital taxes upon disposal. If Obiero did it, Who Am I?
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obiero		#17 Posted : Monday, November 13, 2017 6:18:53 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,267 Location: nairobi		Swenani wrote: obiero wrote: winmak wrote: maka wrote: Angelica _ann wrote: NSE .....CDSC You still have to explain where you got the cash for the trades...If it doesnt add up they will just take your stocks or bonds....Bummer Money going to CDS mostly is from a bank account where you already declared if above a million. What I find annoying is u accumulate over years then suddenly taxman wants to know after you have 20 m diligently saved and reinvested Plus some stocks accumulate value over time. So 1m today could turn into 2m next year Watu walipe tax, if you have been saving and paying taxes, you can easily prove it. If your shares gain value, pay capital taxes upon disposal. Exactly COOP, IMH, KQ, MTNU
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maka		#18 Posted : Monday, November 13, 2017 6:27:03 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Swenani wrote: obiero wrote: winmak wrote: maka wrote: Angelica _ann wrote: NSE .....CDSC You still have to explain where you got the cash for the trades...If it doesnt add up they will just take your stocks or bonds....Bummer Money going to CDS mostly is from a bank account where you already declared if above a million. What I find annoying is u accumulate over years then suddenly taxman wants to know after you have 20 m diligently saved and reinvested Plus some stocks accumulate value over time. So 1m today could turn into 2m next year Watu walipe tax, if you have been saving and paying taxes, you can easily prove it. If your shares gain value, pay capital taxes upon disposal. Hatulipi... possunt quia posse videntur
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Jump-steady		#19 Posted : Monday, November 13, 2017 6:31:09 PM
Rank: Veteran Joined: 12/1/2008 Posts: 1,098		lochaz-index wrote: Bad move for both the taxman and bankers. Same case for the telcos if the witch hunt is extended to them. How is that? People will move to mattress banking or what?
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winmak		#20 Posted : Monday, November 13, 2017 6:52:06 PM
Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru		Swenani wrote: obiero wrote: winmak wrote: maka wrote: Angelica _ann wrote: NSE .....CDSC You still have to explain where you got the cash for the trades...If it doesnt add up they will just take your stocks or bonds....Bummer Money going to CDS mostly is from a bank account where you already declared if above a million. What I find annoying is u accumulate over years then suddenly taxman wants to know after you have 20 m diligently saved and reinvested Plus some stocks accumulate value over time. So 1m today could turn into 2m next year Watu walipe tax, if you have been saving and paying taxes, you can easily prove it. If your shares gain value, pay capital taxes upon disposal. Hiyo ilitolewa For investors as a whole, returns decrease as motion increases ~ WB
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